Revolutionizing the Construction Equipment Market: Trends and Forecasts

Construction Equipment Market Size, Share & Industry Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, Road Building Equipment, Civil Engineering Equipment, Crushing and Screening Equipment, and Other Equipment), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2024 – 2032

The Construction Equipment Market 2025 involves a diverse range of machinery used in building and infrastructure projects, from excavators and bulldozers to cranes and loaders. The Market 2025 is expanding due to increased urbanization, infrastructure development, and technological advancements, which are improving equipment efficiency and safety.

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List of the Companies Profiled in the Report:

• AB Volvo (Gothenburg, Sweden)
• Caterpillar Inc. (Illinois, U.S.)
• Komatsu Ltd. (Tokyo, Japan)
• Doosan Infracore Co. Ltd. (Seoul, South Korea)
• Hitachi Construction Machinery Co., Ltd. (Tokyo, Japan)
• J.C. Bamford Excavators Ltd. (Rocester, U.K.)
• Liebherr Group (Bulle, Switzerland)
• CNH Industrial N.V. (London, U.K.)
• Hyundai Construction Equipment Co., Ltd. (Seoul, South Korea)
• SANY Group (Beijing, China)

Segmentation:

By Equipment Type

• Earthmoving Equipment
• Material Handling Equipment & Cranes
• Concrete Equipment
• Road Building Equipment
• Civil Engineering Equipment
• Crushing and Screening Equipment
• Other Equipment (Trailers, etc.)

By Application

• Residential
• Commercial
• Industrial

By Region

• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• Latin America

Construction Equipment Market Drivers and Restraints:

Key Drives:

• Rapid urbanization and infrastructure development globally.
• Technological advancements leading to more efficient and durable equipment.

Restraining Factors:

• High maintenance costs and volatility in raw material prices.
• Stringent environmental regulations impacting equipment production.

Report Coverage

The global construction equipment Industry size was valued at USD 151.60 billion in 2023. The Industry is projected to grow from USD 161.45 billion in 2024 to USD 271.30 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period.

The report provides:

• Key growth drivers, challenges, opportunities, and potential barriers in the market.
• Comprehensive insights into regional developments.
• A list of major industry players.
• Key strategies adopted by market leaders.
• Recent industry developments, including product launches, partnerships, mergers, and acquisitions.

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Global Construction Equipment Market: Regional Segmentation:-

• North America (USA & Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)

The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.

Key Industry Development

• Clairemont Equipment Company collaborated with Komatsu to expand its geographical presence in Los Angeles.
• Liebherr extended its product portfolio of T 274 haul trucks by introducing a new 305t/336 tons haul truck that bridges the gap between T 284 (363 t / 400 tons) and the upgraded T 264 (240 t / 265 tons).

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